Red Lobster seeks bankruptcy protection with $100 million in financing commitments
(Reuters) - U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between $1 billion and $10 billion, accord...
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Yellen to call for US, Europe to stand together on Russia, Iran
By David Lawder FRANKFURT (Reuters) - U.S. Treasury Secretary Janet Yellen will call on Tuesday for Europe and the U.S. to stand together against Russian aggression and Iranian "support for terrorism", including finding a way forward to unlock the ...
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Key Senate Democrat calls for new leadership at FDIC
WASHINGTON (Reuters) - Senate Banking Committee Chairman Sherrod Brown called for new leadership at the troubled Federal Deposit Insurance Corporation Monday, urging President Joe Biden to immediately nominate someone to replace current Chairman Ma...
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Brazil central bank plans year-end proposal for crypto regulation
BRASILIA (Reuters) - Brazil's central bank announced on Monday that it has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory proposals expected by the end of this year. The de...
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Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge
LONDON (Reuters) - An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday. Craig Wright h...
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US FDA approves Biocon unit's biosimilar to blockbuster eye drug Eylea
(Reuters) - The U.S. Food and Drug Administration on Monday approved Biocon unit's biosimilar to Regeneron Pharmaceuticals' blockbuster eye drug Eylea, according to information on the agency's website. (Reporting by Leroy Leo in Bengaluru; Editing...
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Fed's Jefferson: too early to tell if slowdown in inflation 'long lasting'
By Michael S. Derby (Reuters) - The recent ebbing in some key price increase indicators is encouraging but it is too soon to know whether inflation is back on a sustainable path back to 2%, Fed Vice Chair Jefferson said on Monday. "It is too early ...
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ICC prosecutor seeks arrest warrants for Israel's Netanyahu and Hamas leaders
THE HAGUE (Reuters) -The International Criminal Court's prosecutor said on Monday he had requested arrest warrants for Israeli Prime Minister Benjamin Netanyahu, his defence chief and three Hamas leaders over alleged war crimes. ICC prosecutor Karim Khan said in a statement issued after over seven months of war in Gaza...
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US Supreme Court rebuffs appeal in Maryland assault weapon dispute
By Andrew Chung (Reuters) - The U.S. Supreme Court declined on Monday to hear a challenge to a Democratic-backed ban in Maryland on assault-style rifles such as AR-15s, steering clear of the dispute while the litigation continues in a lower court. ...
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Hamas' Qatar-based leader Haniyeh named in ICC warrant request
By Samia Nakhoul and Stephen Farrell DUBAI/LONDON (Reuters) - Ismail Haniyeh, the Hamas leader based in Qatar, has been the tough-talking face of the Palestinian group's international diplomacy as war has raged back in Gaza, where three of his sons...
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